In 2007, Forbes.com reported that retailers pay approximately $100,000 to start a new shop. This includes renovations of commercial space as well as starting inventory. While estimates of total costs will vary according to type of retail and shop location -- "Entrepreneur" magazine lists start-up costs between $2,000 and $50,000 for different retail enterprises from antique furniture sales to musical equipment sales -- several general categories of expenses should be expected and planned for.

Commercial Lease And Utilities

Commercial space is generally leased on a per-square-foot basis. Prepare to pay a security deposit and rent in advance. If you have a lengthy lease commitment, you will have to ensure that your cash flow can cover it. Utilities, including phone, internet, electricity and heat, are also fundamental to your operations and will require deposits to start accounts in addition to costs for usage.

Renovations And Fixtures

Renovations are important for any new retail space. The look and feel of a new shop is part of what will create the shopping atmosphere that not only holds your stock but makes customers want to buy. Plan to spend money to build displays, put in fixtures such as lights and cabinetry, and to hire a construction team or individual who can make everything work for you.

Inventory

Inventory costs will include whatever investment is made in the items you want to sell. If you are purchasing ready-made goods from a wholesaler, your investment will be whatever you are charged for those items and to have them shipped. If you are an artisan selling your own work, your costs for materials and storage should be taken into account, as well as your time to create.

Office Equipment And Administrative Costs

Every business will require office equipment, such as a computer, accounting software and printer, and office supplies. A cash register and safe are also necessities. Businesses also require insurance to protect their assets and personal liability. Experts such as accountants and lawyers who will help prepare initial business plans and incorporation documents will also be part of the preliminary work that is fundamental to starting a successful business.

Marketing And Public Relations

Retail stores require basic marketing, such as exterior signage, logos and promotional materials which feature distinctive branding. Start-up costs will include, not only the production of these materials, but hiring a designer to create them. Name trademarks, website creation, including the registration of a unique domain name, are additional expenses. To get your business off to a strong start, investing in a grand opening is essential.